Below are the S&P 500 stocks that were the most oversold heading into today. We've seen a nice bounce so far this morning, but these names have quite a ways to go to get out of oversold territory.
As shown, SanDisk (SNDK) is the most oversold name in the index and is trading nearly three standard deviations below its 50-day moving average. Intuitive Surgical (ISRG) ranks second, followed by Medtronic (MDT) and then Charles Schwab (SCHW). While a tech stock is the most oversold, the bulk of the names on the list are in the Financial sector.
For reversion to the mean traders (instead of relative strength), this list is a good starting point. (Click to enlarge)